Required information Exercise 9-16A Record the early retirement of bonds issued at a discount (LO9-6) [The following information applies to the questions displayed below) On January 1, 2021, Splash City issues $330,000 of 7% bonds, due in 10 years, with interest payable semiannually on June 30 and December 31 each year. The market interest rate on the issue date is 8% and the bonds issued at $307,576. Exercise 9-16A Part 1 Required: 1. Using an amortization schedule, show that the bonds have a carrying value of $310,774 on December 31, 2022 (Round Interest expense to nearest whole dollor.) Cash Paid Interest Increase in Expense Carrying Value Carrying Value Date 01/01/2021 06/30/2021 12/31/2021 06/30/2022 12/31/2022 w